What Does It Actually Mean to "Buy" an Apple TV Movie?

Have searched but can't find the answer to the following: When I "buy" a movie via Apple TV, what happens to my "ownership" of that movie in the future? If I have to replace the original Apple TV device? If I get rid of Apple TV, then later buy another one? Are my purchases linked to my User ID and password so that I will have access to a purchased movie "forever"? Also, if one fills an Apple TV hard drive with purchased movies and wants to add more, what's the fate of the material "deleted"? If Apple TV ownership rights are addressed on the Apple site, I haven't been able to locate them.

the actual agreement is shown just before you buy any media.. not sure where to find it on the site.
but my understanding is that.. no downloads later as a rule, but some have managed to get apple to do this on a case by case basis when they have lost files. you are responsible for the safeguard of the files once downloaded. files can be played on 5 authorized computers (the 5 doesn't include appleTV and iPods)... i think computers can be de-authorized, so i guess it 5 computers simultaneously.
if you want to delete a file from appleTV then you should sync appleTV with a computer so the file can be backed up. even though apple advertises appleTV as a optionally a standalone devise... it'd be very unwise imo to use it in that way since the files on the appleTV cannot be backed up (if you sync with a computer they can be) and a glitch (software, HDD fails etc..) with appleTV would mean losing your files. if sycing is enabled then when files are purchased on the appleTV they auto sync back to the computer. if one streams from a computer additional HDDs can be purchased and attached to the computer meaning basically limitless storage.

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What Does It Actually Mean to "Buy" an Apple TV Movie?

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